Ditch the equity cap: How to make “locals-only” housing actually work
When outside demand is effectively infinite, deed restrictions that focus on creating a diverse resident-owner base across multiple housing types—rather than just capping prices—do more to shift the market toward locals than any single “affordable” building will.
Hawaiʻi already has the tools to create a locals-only housing market; we just need to use them
Whether buying a first home, renting, or selling within the community, local people should have the advantage. Housing should function as a home—not as a global commodity.